Question
1. Describe the internal control weaknesses within the organization that enabled the fraud of Wells Fargo. Explain these in terms of the Fraud Triangle. Identify
1. Describe the internal control weaknesses within the organization that enabled the fraud of Wells Fargo. Explain these in terms of the Fraud Triangle. Identify all of the key internal control weaknesses that enabled the fraud. Each internal control weakness should be correctly referenced to the concept of the Fraud Triangle
2. Provide two recommendations to mitigate eachinternal control weakness mentioned above (one must be a detective control; the other a preventive control). Suggests strong control recommendations that would typically effectively mitigate each control weakness (both detection and preventive controls should be mentioned)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started